Table Corporation Transfers One-Half of Its Assets to Chair Corporation

question 92

Multiple Choice

Table Corporation transfers one-half of its assets to Chair Corporation in exchange for 100% of Chair Corporation's single class of stock. Following the exchange, Table Corporation distributes the Chair stock ratably to its shareholders. This transaction will constitute a

• A)Type A reorganization.
• B)Type C reorganization.
• C)divisive Type D reorganization.
• D)acquisitive Type D reorganization.

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Definitions:

World War I

A global conflict that lasted from 1914 to 1918, often called the Great War, which involved most of the world's great powers and was marked by significant losses and the destruction of empires.

Economic Justice

The principle or idea of fairness in economic policies, distribution of wealth, and opportunities within a society.

Red Scare

Periods of intense anti-communist suspicion in the United States, notably after World War I and during the Cold War, characterized by widespread fears of communist influence on American institutions.

Political Intolerance

A situation where individuals or groups are unwilling to tolerate opposing political views, leading to a lack of diversity in thought and potentially oppressive regimes.